Faisal Islamic Bank, SC Bank, and ADIB, fastest growing listed banks in net profits during 2024
According To First Bank List Of The Fastest-Growing Listed Banks In Net Profits during the first 9M in the current year, Faisal Islamic Bank Topped The List With A Growth Rate Of 189.37%, Achieving A Net Profit Of EGP 11.739 bn in 2024, compared to EGP 4.057 bn during 2023.
The List, Which Included 11 Banks Listed On The Egyptian Stock Exchange, Revealed Positive Growth Rates In The Net Profits Of All Banks During The same Period From January To December.
Suez Canal Bank Secured The Second Position, With Its Net Profits Rising By 147.73%, To Reach EGP 5.681 Bn during 2024, Compared To EGP 2.293 Bn During 2023.
The Third Position Went To ADIB, Achieving A Growth Rate Of 96.57% And Recording EGP 8.827 bn In Net Profits during 2024, Compared To EGP 4.491 bn In 2023.
CIB Claimed The Fourth Position, With A Growth Rate Of 92.67%, Attaining A Net Profit Of EGP 55.428 Bn during 2024, Compared To EGP 28.768 Bn In 2023.
HD Bank Secured The Fifth Position, With An 83.05% Growth In Net Profits, Reaching EGP 11.040 Bn during 2024, Compared To EGP 6.031 Bn In 2023.
It’s Worth Noting That All Values And Growth Rates Mentioned In The Analysis Are Based On Separate Declared Financial Statements Of Each Bank By The End of 2024.
